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Author Topic: ASICMINER: Entering the Future of ASIC Mining by Inventing It  (Read 1491326 times)
001sonkit
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January 06, 2013, 04:13:50 PM
 #1281

After the going down of GLBSE, do ASICMINER have any plan of where should we trade, manage etc the shares in the future, BTCT? Or elsewhere?

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January 06, 2013, 04:16:33 PM
 #1282

After the going down of GLBSE, do ASICMINER have any plan of where should we trade, manage etc the shares in the future, BTCT? Or elsewhere?

If there is a plan it's being kept a secret and it's very slow in being rolled out.
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January 06, 2013, 06:08:33 PM
 #1283

Friedcat still verifies shares. Today i got my confirmation for 1252 shares. GLBSE official data infos. So im safed now because my things with glbse are cleared finally.

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January 06, 2013, 07:16:38 PM
 #1284

After the going down of GLBSE, do ASICMINER have any plan of where should we trade, manage etc the shares in the future, BTCT? Or elsewhere?

If there is a plan it's being kept a secret and it's very slow in being rolled out.

There will be a proprietary trading platform and the shares will start trading before the 1st dividend will be distributed, according to Friedcat. So no hard dates, but should all be resolved soon.
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January 07, 2013, 11:21:05 AM
 #1285

update: got confirmation email too..

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January 09, 2013, 05:34:14 PM
 #1286

Well still waiting on my confirmation of shares email.

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January 09, 2013, 05:47:29 PM
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Are the chips working??

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January 09, 2013, 06:00:46 PM
 #1288

Are the chips working??

It was explained in the latest update:

Update

The samples passed all functionality tests. The power consumption is also within the expected range. And as our overclocking tests had shown, they still have a lot of potentials compared to our original spec. This means that the biggest risk of our project is gone and our NRE is a fruitful spend.
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January 09, 2013, 06:03:04 PM
 #1289

Are the chips working??

It was explained in the latest update:

Update

The samples passed all functionality tests. The power consumption is also within the expected range. And as our overclocking tests had shown, they still have a lot of potentials compared to our original spec. This means that the biggest risk of our project is gone and our NRE is a fruitful spend.


No sir...  That says they passed some tests..  I am asking  Are the chips working?

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January 09, 2013, 06:27:45 PM
 #1290

Can someone with a seat on the board say if they're getting more update than that ?

As someone with more than half the requirement I'd like some more updates, like ETA, in PM or otherwise.

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January 09, 2013, 06:50:21 PM
 #1291

Can someone with a seat on the board say if they're getting more update than that ?

Nope, so far board members do not have more info than what is provided in this thread. Hope friedcat and team are busy getting those chips operating (or acquiring BTCFPGA Wink)...


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January 09, 2013, 07:20:21 PM
 #1292

Are the chips working??

It was explained in the latest update:

Update

The samples passed all functionality tests. The power consumption is also within the expected range. And as our overclocking tests had shown, they still have a lot of potentials compared to our original spec. This means that the biggest risk of our project is gone and our NRE is a fruitful spend.


No sir...  That says they passed some tests..  I am asking  Are the chips working?

And what do you think are the function of the chips? Mining isnt it? So if they passed all functionality tests that means to me that they do what their function is. What do you think does this mean?

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January 09, 2013, 08:37:28 PM
 #1293

I also dont think Friedcat would say the NRE is a fruitful spend if the chips are not capable of hashing....

That being said the first ASIC should be online by now (been 5days since his update) and the fact that he hasnt made a big announcement about the first ever ASIC hashing away looking for a bitcoin block, makes me afraid that they might have run into some other problems....

Hopefully Friedcat will update us again tonight as he usually does (on a thursday morning)
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January 09, 2013, 08:40:55 PM
 #1294

I also dont think Friedcat would say the NRE is a fruitful spend if the chips are not capable of hashing....

That being said the first ASIC should be online by now (been 5days since his update) and the fact that he hasnt made a big announcement about the first ever ASIC hashing away looking for a bitcoin block, makes me afraid that they might have run into some other problems....

Hopefully Friedcat will update us again tonight as he usually does (on a thursday morning)
Doing all the board assembly and testing, then building them into rigs and commissioning the system might be taking a little longer than expected (not sure on their original timeline), but this kind of operation isn't like getting a single in the mail and plugging it in.
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January 09, 2013, 08:45:26 PM
 #1295

That being said the first ASIC should be online by now (been 5days since his update) and the fact that he hasnt made a big announcement about the first ever ASIC hashing away looking for a bitcoin block, makes me afraid that they might have run into some other problems....

For goodness sake.  When he first posted pictures of the chips he was talking about the next steps taking 2-3 weeks

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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January 09, 2013, 09:16:19 PM
 #1296

I also dont think Friedcat would say the NRE is a fruitful spend if the chips are not capable of hashing....

That being said the first ASIC should be online by now (been 5days since his update) and the fact that he hasnt made a big announcement about the first ever ASIC hashing away looking for a bitcoin block, makes me afraid that they might have run into some other problems....

Hopefully Friedcat will update us again tonight as he usually does (on a thursday morning)
Doing all the board assembly and testing, then building them into rigs and commissioning the system might be taking a little longer than expected (not sure on their original timeline), but this kind of operation isn't like getting a single in the mail and plugging it in.

Wouldnt it be wise to build one rig, to see how it all works in real life, before assembling all of the available chips into rigs.

They had the 2 strips of chips, build 1 or more rigs out of those, let them run fir a while, see if it works as expected and then have the remainder built....

It is not like getting a single in the mail, more like building one....

But i am probably too impatient  Wink
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January 09, 2013, 09:18:51 PM
 #1297

That being said the first ASIC should be online by now (been 5days since his update) and the fact that he hasnt made a big announcement about the first ever ASIC hashing away looking for a bitcoin block, makes me afraid that they might have run into some other problems....

For goodness sake.  When he first posted pictures of the chips he was talking about the next steps taking 2-3 weeks

I am not expecting 6 TH to be online this instant, am talking about the first test rig to be online.... If 6 TH takes 3 weeks, one rig should be done in 1 week dont you think Wink
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January 09, 2013, 11:27:03 PM
 #1298

That being said the first ASIC should be online by now (been 5days since his update) and the fact that he hasnt made a big announcement about the first ever ASIC hashing away looking for a bitcoin block, makes me afraid that they might have run into some other problems....

For goodness sake.  When he first posted pictures of the chips he was talking about the next steps taking 2-3 weeks

I am not expecting 6 TH to be online this instant, am talking about the first test rig to be online.... If 6 TH takes 3 weeks, one rig should be done in 1 week dont you think Wink
Producing the board will be the majority of the time, it's not got to do with the number of TH/s, it's to do with creating that piece of hardware.
So when you divide 6TH/s by 6 it doesn't make developing the board 6 times faster Tongue

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SebastianJu
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January 10, 2013, 12:17:12 AM
 #1299

That being said the first ASIC should be online by now (been 5days since his update) and the fact that he hasnt made a big announcement about the first ever ASIC hashing away looking for a bitcoin block, makes me afraid that they might have run into some other problems....

For goodness sake.  When he first posted pictures of the chips he was talking about the next steps taking 2-3 weeks

I am not expecting 6 TH to be online this instant, am talking about the first test rig to be online.... If 6 TH takes 3 weeks, one rig should be done in 1 week dont you think Wink
Producing the board will be the majority of the time, it's not got to do with the number of TH/s, it's to do with creating that piece of hardware.
So when you divide 6TH/s by 6 it doesn't make developing the board 6 times faster Tongue

What i dont understand is... friedcat spoke about to create the hardware as far as one can. Bitfountain had the plan for the chips, their size and all pins. That means its absolutely doable to create the PCB and create the plastic cover for the whole asic. When the chips come you only have to put them into the PCB and everything is running.
It obviously didnt happen this way. Why?

Escrow Service / Treuhandservice: No fee, but donations are welcome for sure Smiley Only send to the address i send you directly! / Keine Gebühr, Spenden sind natürlich willkommen Smiley Nur an die Adresse schicken die ich persönlich geschickt habe! | My Tip-Jar: 1Dk4Zc8iqurCTqbc1RtUkx3Wcr9bXLYyCT - Thanks a lot!
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January 10, 2013, 12:38:47 AM
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That being said the first ASIC should be online by now (been 5days since his update) and the fact that he hasnt made a big announcement about the first ever ASIC hashing away looking for a bitcoin block, makes me afraid that they might have run into some other problems....

For goodness sake.  When he first posted pictures of the chips he was talking about the next steps taking 2-3 weeks

I am not expecting 6 TH to be online this instant, am talking about the first test rig to be online.... If 6 TH takes 3 weeks, one rig should be done in 1 week dont you think Wink
Producing the board will be the majority of the time, it's not got to do with the number of TH/s, it's to do with creating that piece of hardware.
So when you divide 6TH/s by 6 it doesn't make developing the board 6 times faster Tongue

What i dont understand is... friedcat spoke about to create the hardware as far as one can. Bitfountain had the plan for the chips, their size and all pins. That means its absolutely doable to create the PCB and create the plastic cover for the whole asic. When the chips come you only have to put them into the PCB and everything is running.
It obviously didnt happen this way. Why?

Likely because if the chips had failed the preliminary test, a redesign may have required pinout changes or supporting circuit designs. In which case we would have spent money on a handful of useless boards.
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